BAE Systems is a global defense, aerospace and security company. The Applied Intelligence business division within BAE Systems solves mission-critical problems for customers in four market segments: financial crime (risk, fraud and compliance), cyber security, national security intelligence and digital transformation.
The NetReveal solution from BAE Systems is a risk, fraud and compliance suite deployed by more than 170 clients across five continents, including five of the world’s current top 10 financial institutions. The offerings combine behavioral analysis and machine learning with advanced social network analysis to identify high-risk activity. BAE Systems solutions have a proven track record of enabling Anti Money Laundering (AML) regulatory compliance, detecting fraud, improving operational intelligence and reducing financial losses and reputational risk.
The portfolio of solutions from BAE Systems spans:
AML Regulatory Compliance
BAE Systems offers compliance solutions addressing all core aspects of a successful anti-money laundering and financial investigations program including:
- AML Transaction Monitoring
- AML Optimization
- AML Transaction Monitoring Optimization
- AML for Correspondent Banking
- Customer Due Diligence/Know Your Customer
- Sanctions & PEP Screening
- Regulatory filing
- Transaction filtering
- Managed Analytic Service
The NetReveal Property and Casualty (P&C) Insurance Fraud provides insurers with the ability to detect, investigate and prevent fraud across all P&C lines of business, at the point of claim, policy inception and even at point of quote, while at the same time minimizing the impact on genuine claimants and streamlining them through the claims process. The solution is available as a cloud-based subscription service or price per claim model – insurers benefit from a managed service, regular model tuning, regular upgrades in line with product development, low upfront capital expenditure and predictable longer term operating expense or loss adjustment expense.
Other business areas include National consortium and data pooling fraud detection initiatives.
The BAE Systems banking fraud solutions protect against internal and external fraud and cover the customer lifecycle. The core sectors that BAE Systems focuses on are retail banking, commercial & corporate banking, private banking and wealth management and solutions include:
- Multi-channel payment fraud
- Application Fraud
- Credit abuse and first party/bust-out fraud
Tax & Benefits Fraud
The BAE Systems NetReveal Tax & Benefits solutions supports governments looking to identify fraud, error and debt across tax and benefits sectors.
Operational risk management
BAE Systems also offers operational risk solutions that address specific risk areas; for example protection from unauthorized trading incidents in investment banking. NetReveal Unauthorized Trading (UT) is a cross-asset class solution that risk assesses traders across the trade lifecycle and detects market abuse.